Market Overview

UPDATE: Credit Suisse Lowers Price Target On General Electric Following Q4 Earnings

Share:
Related GE
Highlights From Q2's 13-F Season
Berkshire Hathaway And Its Massive Cash Hoard
Franklin Resources Inc Buys Baker Hughes Inc, Wheaton Precious Metals Corp, General Electric ... (GuruFocus)

In a report published Tuesday, Credit Suisse analyst Julian Mitchell reiterated an Outperform rating on General Electric Company (NYSE: GE), but lowered the price target from $30.00 to $29.00.

In the report, Credit Suisse noted, “Following Q4 earnings, we reduce our EPS estimates (which exclude the Alstom deal, pending its closing), and our TP moves to $29 (from $30). We rate the stock OP, but acknowledge that it is largely a valuation call at present, and the stock is not exactly overburdened with positive near-term catalysts.”

General Electric closed on Monday at $24.59.

Latest Ratings for GE

DateFirmActionFromTo
Jul 2017Morgan StanleyMaintainsEqual-Weight
Jul 2017Morgan StanleyReinstatesEqual-WeightEqual-Weight
Jun 2017Standpoint ResearchUpgradesSellHold

View More Analyst Ratings for GE
View the Latest Analyst Ratings

Posted-In: Credit Suisse Julian MitchellAnalyst Color Price Target Analyst Ratings

 

Related Articles (GE)

View Comments and Join the Discussion!